India Agribusiness Fund, a Mauritius based private equity fund, sponsored by Dutch banking biggie Rabobank, has purchased a 26 percent stake in Geepee Agri Private Limited..The agricultural sector is now being seen as a viable opportunity for foreign investment. India Agribusiness Fund, is the first private equity fund investing in the Indian agricultural sector. With this investment, which is around the Rs. 48 crore ($10 million) mark, saw the exit of Geepee’s majority shareholder, Noble Grain India Private Limited..New Delhi partner, Bharat Anand led Khaitan’s team in the transaction. Commenting on the unique aspects of the transaction, he said, “Timing was an issue, the Investor was losing its interest, this not only required quick turnaround from us but also pressing the Geepee and its representatives for the same. Further, Investor being a dynamic fund, required us to hit the alarm at times.”
India Agribusiness Fund, a Mauritius based private equity fund, sponsored by Dutch banking biggie Rabobank, has purchased a 26 percent stake in Geepee Agri Private Limited..The agricultural sector is now being seen as a viable opportunity for foreign investment. India Agribusiness Fund, is the first private equity fund investing in the Indian agricultural sector. With this investment, which is around the Rs. 48 crore ($10 million) mark, saw the exit of Geepee’s majority shareholder, Noble Grain India Private Limited..New Delhi partner, Bharat Anand led Khaitan’s team in the transaction. Commenting on the unique aspects of the transaction, he said, “Timing was an issue, the Investor was losing its interest, this not only required quick turnaround from us but also pressing the Geepee and its representatives for the same. Further, Investor being a dynamic fund, required us to hit the alarm at times.”
